latest – Page 50
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NewsEuro Food Brands sees growth despite Illycafè demerger
Specialist distributor Euro Food Brands has posted double-digit annual growth despite the demerger of its UK Illycaffè Italian coffee business as demand for its global brands soared during the pandemic
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NewsCity snapshot: Wine sales surge at Chapel Down but sale of Curious Drinks hits profits
English wine maker Chapel Down shrugged off widespread closures in the off-trade to grow sales volumes 38% last year, but group results were hit by the weaker performance of its demerged beer and cider arm Curious Drinks.
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NewsCity snapshot: Profits and sales surge in ‘exceptional’ year for B&M
Revenues leapt by a quarter and profits more than doubled at B&M European Value Retail as the coronavirus pandemic led to a spike in demand.
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NewsHancocks reports £1.3m loss after Covid devastates sales
Hancocks received £6.5m in government-backed loans after coronavirus restrictions forced the wholesaler to temporarily close its 19 cash & carry site
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NewsCook sees 7% sales jump as proportion of online orders soars
The upmarket frozen food retailer and manufacturer said it would pay back £235k of furlough aid
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NewsCity News: M&S exits torrid year with hopes the worst is behind it
M&S exited a torrid year with some positive momentum this week, triggering hopes in the City that the beleaguered retailer may be finally leaving the worst behind it
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NewsCity snapshot: AG Barr reports encouraging trading as lockdown eases
AG Barr has said it is on target to bounce back in 2021, with sales recovering as the UK reopens
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NewsCity snapshot: Covid pet ownership surge boosts Pets at Home
The surge in pet ownership during the coronavirus period has boosted trading at the country’s largest pet retailer Pets at Home. Plus annaul results from Tate & Lyle and PayPoint and all the latest news from the City.
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NewsThatchers defies Covid gloom with strong growth in supermarkets
Revenues increased 22% to £130m in the year ended 31 August 2021 despite the challenges of pubs going into lockdown, newly filed accounts at Companies House showed.
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NewsCity Snapshot: M&S swings to loss of more than £200m as Covid takes its toll
M&S has sank into the red as revenues fell almost 12% to below £9bn in a year heavily disrupted by the coronavirus pandemic. Plus, Pepco shares jump more than 9% on stock market debut; cider maker C&C Group tumbles to a loss as lockdowns decimate revenues; and Finsbury Food Group lifts profits expectations.
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NewsWilko sales drop £107m as Covid-cautious shoppers stay away from high street
Sales fell 7.3% to £1.4bn in the year ended 30 January 2021, with like-for-like figures down 7.7%, according to the accounts
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NewsCovid restrictions hit first half sales at Greencore
Sales fell by a further 19% in the first half at Greencore as coronavirus restrictions continued to hit its food to go business.
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NewsCity snapshot: Grocery sales dip as lockdown eases
Take home grocery sales edged back 0.4% in the 12 weeks to 16 May the UK’s coronavirus lockdown eased and the vaccine rollout continued. Plus, Greencore and Restaurant Group encouraged by trading following COVID reopening and all the rest of the latest news from the City
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NewsPaynes Dairies posts strong sales rise to £92.1m
Accounts posted at Companies House for the year to 30 April 2020 showed a £5m increase in sales to £92.1m
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NewsPremier’s dividend payment represents further proof of turnaround credentials
Premier Foods took another step in its City turnaround this week by paying out its first investor dividend for 13 years
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NewsCity snapshot: FeverTree boosted by rise of at home cocktail consumption
Fever-Tree has continued to post “strong” off-trade sales in the early months of 2021 ahead of the re-opening of pubs, bars and restaurants and coronavirus restrictions eases around the world. Plus, Oatly prices $1.4bn IPO, Young’s posts loss due to pub closures and all the latest news from the City.
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NewsCharlie Bigham’s propelled to record year thanks to Covid-fuelled demand
Revenues and profits at Charlie Bigham’s have soared during lockdown as shoppers turned to its posh ready meals to add some variety to dinnertime.
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NewsCity Snapshot: “Outstanding” year for Premier Foods as shoppers flock to its brands
Premier Foods has revealed an “outstanding” year of growth as the pandemic significantly elevated demand for its household brands. Plus, Marston’s falls to big first-half loss as lockdown smashes sales; Chapel Down appoints former Booker chairman to its board; and Russian retail Lenta acquires Moscow rival.
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NewsTesco says coronavirus still a key risk to the business
Tesco has warned there is still “uncertainty” over the long-term impact of the Covid pandemic
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NewsCity snapshot: Surging retail sales drive double digit profit and revenue rise at Cranswick
A surge in retail sales during the pandemic has driven a double-digit rise in annual sales at meat producer Cranswick. Plus, Britvic encourage by recent trading after lockdown hits first half performance and sales and profits rise at Imperial Brands.